First, it fast-tracks your learning as an investor - you are forced to develop better time management skills, build your network of reliable contractors/ handymen, etc..Second, when you are ready to transition to a property manager, you are well equipped to evaluate and hire the right company.3.

I think that could be dangerous if people are not careful in their evaluation. 

There are several hurdles during the process:Find the deal - Unless you are marketing or plugged into a community where there are opportunities, it isn't always easy to find the right dealsEvaluate the deal - Without professional guidance and research tools, it is difficult for a newbie investor to evaluate and ARV/FMV or create an adequate rehab budgetSecondary exit strategies - If things don't go as planned are their other opportunities to exit profitably.

Consistency of your evaluation criteria is key for staying out of trouble.

You can make the determination by examining the mechanical systems yourself and finding out their age or hiring an inspector to evaluate the systems.

Before finalizing anything, I wanted to get a better understanding of how to evaluate different real estate opportunities and what challenges might be posed. 

Once the ex-tenant/ employee quit working, the company stopped sending the garnishment checks.

(Btw I can’t believe anyone would give that tacky designer wearing clown their hard earned money) Clearly incompetent like every other Rad employee. 

@Bryan Hartlen thanks for sharing more info.Agree that it shouldn't take this long to do MoveOut Evaluation!

It's called a payoff statementif it's a big lender you will not buy the loan as it will take forever, you are better just paying it off. you then can foreclose based on the total balance owed to you which is both loans and any accrued interest. regarding fixing property or selling as is, that really depends and needs to be evaluated on a case by case basis